How many shares does it have after the recap
Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye"s stock price is $7.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?
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Enter the above transaction (Nov 17) into the Cash Receipts Journal and post it to the Accounts Receivable General Ledger account and to the Accounts Receivable Subsidiary Ledger.
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The Reyes loaned their daughter, Rachael, $25,000 so that she could open up her own business. The terms of the loan require Rachael to pay her parents back the $25,000 in three years. No interest is being charged on the loan.
After the recap, Dye"s stock price is $7.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?
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The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year.
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